fuboTV Inc. (NYSE: FUBO) reported Q4 EPS of ($2.47), may not compare to the analyst estimate of ($0.81). Revenue for the quarter came in at $105.1 million versus the consensus estimate of $93.94 million.

GUIDANCE:

fuboTV Inc. sees Q1 2021 revenue of $101-103 million, versus the consensus of $99.4 million.

fuboTV Inc. sees FY2021 revenue of $460-470 million, versus the consensus of $457.25 million.

• Given our strong performance in 2020 we are excited about our outlook for 2021.
• Due to the seasonality in our business as a result of fuboTV’s sports-first positioning and the heavier sports calendar in the second half of the year, we evaluate our performance on a year-over-year basis. Historically, Q1 has been softer than Q4, when viewed sequentially, on revenue and contribution margin. Our Q1 2021 revenue guidance takes this seasonality into account with revenue of $101-$103 million. This would represent growth of 98-102% year-over-year and a sequential decline of 2-4% quarter-over-quarter. Similarly, our Q1 2021 subscriber guidance includes 520,000-530,000 subscribers. This would represent growth of 81-84% year-over-year and a sequential decline of 3-5% quarter-over-quarter.
• On a full-year basis we are increasing revenue guidance to $460-$470 million, up 76-80% year-over-year. We are also guiding to total year-end subscribers of 760,000-770,000, an increase of 39-41% year-over-year.
• In 2021, we plan to accelerate the investment in our team and further build our product development to grow our business and expand into wagering.
• Note that this guidance does not include any projected revenues from online sports wagering.

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